Avenue Supermarts, which operates the DMart retail store chain, said in a statement to the stock market on Saturday that a major change has been made in the company’s board. The company informed in the information given to the stock exchange that Kalpana Unadkat has been appointed as the new chairperson of the company. She…
The Securities and Exchange Board of India (Sebi) is planning a revamp of its ‘fit and proper’ framework for market intermediaries as some of the rules may be too rigid and risk penalizing individuals and firms before wrongdoing is established. In a consultation paper issued on Wednesday, the markets regulator said experience gained from enforcing…
So, who is driving this shift? Public shareholders backed largely by institutional investors such as mutual funds, foreign portfolio investors (FPIs) and individuals are steadily increasing their ownership in listed companies. A mint Analysis of shareholding data from the Center for Monitoring Indian Economy (CMIE), covering 4,673 listed companies, showed that public shareholding climbed to…
